Senate passes bill to establish Nigerian maritime security trust fund

Nigerian Senate

The Senate, on Wednesday, passed the bill seeking to establish a Nigerian Maritime Security Trust Fund (NMSTF), in concurrence with the House of Representatives.

The Senate, in passing the bill, amended Clause 14(1) by removing the recommendation of the supervising Minister in the appointment of the Executive Secretary of the Fund, giving the President the powers to unilaterally do so.

The legislation is titled, ‘A Bill for an Act to Establish the Nigerian Maritime Security Trust Fund for the Purpose of Training, Provision of Security Equipment and Related Facilities, Enhance the Skills of the Personnel of the Nigerian Navy; and for Related Matters.’

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